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EUR/USD Technical Analysis 02.14.2013

Ilya Spivak

EUR/USD Technical Analysis– Prices are testing below support at 1.3353, the 50% Fibonacci retracement. A break lower targets the 61.8% level at 1.3269. Initial resistance is at 1.3520, the 23.6% Fib expansion, with a reversal above that aiming for the 38.2% level at 1.3624.

Forex_EURUSD_Technical_Analysis_02.14.2013_body_Picture_5.png, EUR/USD Technical Analysis 02.14.2013
Forex_EURUSD_Technical_Analysis_02.14.2013_body_Picture_5.png, EUR/USD Technical Analysis 02.14.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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